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Auto industry spent less on advertising in 2022; Tesla already spends $0

Teslarati

Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8 billion between January and July 2022 or 4% year-on-year. Compared with the same period in 2019 ($5.50

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GM’s Tesla NACS support spells trouble for Electrify America [Opinion]

Teslarati

General Motors’ (GM) support for Tesla’s North American Charging Standard (NACS) might be trouble for Electrify America. The theory is gaining some legs now that General Motors has decided to support the NACS. General Motors and Ford hold a significant market share of the United States auto industry.

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Rivian filings hint at $10k autonomous driving option, software subscription details

Teslarati

General Motors (GM) temporarily discontinued its advanced driver-assist system, called Super Cruise, due to the chip shortage. The legacy OEM prices BlueCruise differently , but it generally costs between $600 to $3,200, including fees for software and hardware. Tesla offers diagnostic software subscriptions.

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Rivian IPO: What you need to know

Teslarati

Such a valuation is ambitious , as it would make Rivian’s market cap just a bit lower than veterans such as General Motors ($84.82 billion) and Ford Motor Company ($79.65 In comparison, its R&D cost for 2020 stood at $766 million. billion), the latter being a key investor in the truck maker.

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News: Tesla Announces Annual Earnings, New Focus on Production

Clean Fleet Report

For comparison, General Motors, one of the three largest car companies in the world, reported $10 billion of profit for last year. Tesla has a strong lead and a loyal fan base, but in the auto industry nothing’s forever. The full-year profit hit $5.5 Tesla’s profit in the fourth quarter actually topped GM’s.

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Tesla got a penalty when it paid back its $465 million DoE loan nine years early

Teslarati

In comparison, the United States government ended up losing $11.2 billion in its bailout of General Motors, a company that, at least according to US President Joe Biden, is leading the electric vehicle revolution. US President Biden pats GM CEO’s back: “You electrified the entire auto industry.

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Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Electric car supporters are rising to defend General Motors’ development of the Chevy Volt after the Obama Administration’s automotive task force proclaimed that the car was probably too expensive to be commercially successful in the near future. .&# How about using a competition sailplane for comparison, instead? and Chrysler.

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